Award

Contract Award - Services to produce and provide long term supply curves for Oil, Coal and Gas

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

14 Feb 2023 at 15:23

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract for Services to produce and provide long term supply curves for Oil, Coal and Gas. The contract involves generating assumptions for long-term fossil fuel prices by combining new fossil fuel supply curves with demand projections. The contract value is GBP 70,000 and the contract period is from February 14, 2023, to March 31, 2023, with the tender period ending on January 27, 2023. The procurement method used was an Open procedure (below threshold), and the main procurement category is services. The procurement process has reached the award stage.

This tender provides opportunities for businesses specializing in research and development services and related consultancy services to compete. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to participate. Businesses located in the United Kingdom and other specified territories can engage in this procurement process. By providing long term supply curves for fossil fuels, this contract plays a crucial role in shaping future energy planning and policy decisions.

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Notice Information

Notice Title

Contract Award - Services to produce and provide long term supply curves for Oil, Coal and Gas

Notice Description

The contract for Services to produce and provide long term supply curves for Oil, Coal and Gas to Department for Business, Energy & Industrial Strategy ("BEIS") has been awarded to Rystad. The overall purpose of the Contract is to generate assumptions for long-term fossil fuel prices by combining new fossil fuel supply curves with projections of fossil fuel demand, i.e. where supply meets demand. The fossil fuel supply curves will reflect the range of uncertainty over the evolution of supply curves through the creation of low and high as well as central projections, reflecting the plausible and evidence-based range and the inherent uncertainty. The projections will be for 2025, and then for 10-year time blocks between 2030 up to and including 2050.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5cf191d1-bc14-4433-b831-7ef6b4a0eb24
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f3826656-3a76-4fd6-bbb8-85f2c0a9a28f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Feb 20233 years ago
Submission Deadline
27 Jan 2023Expired
Future Notice Date
Not specified
Award Date
14 Feb 20233 years ago
Contract Period
14 Feb 2023 - 31 Mar 2023 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Department for Business, Energy & Industrial Strategy
Contact Email
internationalclimateandenergy.procurement@beis.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

RYSTAD ENERGY

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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